Mattioli Woods profit up 60% as advice demand jumps

The wealth manager said the demand was driven by proposed pension and investment reforms, and market conditions. Revenue over the same period climbed to £59.1m, up 8%. Meanwhile, its expanded 'MTW Adviser Academy' increased its adviser base to 148, from 132 in the first half of 2023. Gross discretionary assets under management were at £4.6bn, with gross inflows of £326.4m, compared to £314.1m in the first half of 2023. It said an increase in new business led to organic growth of 4%, which was partly offset by the market impact on ad valorem fees of a 0.4% reduction in total clie...